The Sahara Maritime IPO started on December 18, 2023, and ended on December 20, 2023. Shares were allocated on December 21, 2023, and refund processes began on December 22, 2023. On December 22, 2023, the shares were credited to investors demat accounts. Sahara Maritime was officially listed on the stock exchange on December 26, 2023.
During the IPO, Sahara Maritime offered shares at a price range of ₹81 per share, and the lot size was 1600 shares. The total issue size was ₹6.88 crores, with ₹6.88 crores from new shares. The IPO was listed on the BSE SME.
Regarding share reservations, 50% of the shares were allocated to other and 50% were set aside for retail investors.
Sahara Maritime IPO Subscription Update Video
Sahara Maritime IPO Subscription Status
The Sahara Maritime IPO on December 20, 2023 was subscribed 22.67 times, with the retail category being subscribed 36.35 times, the other category being subscribed 8.98 times.
| Category | Subscription |
| Other | 8.98x |
| Retail | 36.35x |
| Total | 22.67x |
Sahara Maritime IPO Basic Details
| Company Name | Sahara Maritime Limited |
| Domain of Company | Logistics Company |
| Sahara Maritime IPO Open Date | December 18, 2023 |
| Sahara Maritime IPO Close Date | December 20, 2023 |
| Sahara Maritime IPO Allotment Date | December 21, 2023 |
| Sahara Maritime IPO Listing Date | December 26, 2023 |
| Face Value | ₹10 per share |
| Price | ₹81 per share |
| Lot Size | 1600 Shares |
| Issue Size | 849,600 shares of ₹10 (aggregating up to ₹6.88 Cr) |
| Fresh Issue | 849,600 shares of ₹10 (aggregating up to ₹6.88 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Company Promoters | Mr. Sohrab Rustom Sayed and Mr. Nadeem Aboobakar Hira |
About Sahara Maritime Limited
Established in 2009, Sahara Maritime Limited isn’t your typical company – it’s a group that helps out with sea-related stuff. They deal with moving, storing, and communicating things that have to do with the sea. They provide various services for people who need to ship things, teaming up with others to offer extra services like handling special cargo, managing transportation, and packing and unpacking things.
Here’s what Sahara Maritime does:
- Getting Things Where They Need to Go: They help out with sea shipping, booking space for shipments leaving the country, and taking care of all the details for their customers.
- Storing Stuff: They’ve got a warehouse to make storing things easier and less of a hassle.
- Mixing it Up with Different Transportation: Sahara Maritime is good at using different ways of getting things from one place to another – like combining sea and land transport. It makes sure things get where they need to be without costing too much, all in one place.
- Helping Out with All Kinds of Logistics: They offer lots of services, from handling big transportation equipment to planning out entire shipments, making deliveries from door to door, and taking care of packing and unpacking. This makes managing the movement of things easier, and they can handle special needs too.
Sahara Maritime works smart by using a model that doesn’t tie them down with a lot of costs and risks. This way, they avoid dealing with problems like high fuel costs, expensive maintenance, and losing money on stuff like worn-out equipment.
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Sahara Maritime IPO FAQs
What is the start and end date of Sahara Maritime IPO Subscription?
The Sahara Maritime IPO started on December 18, 2023, and ended on December 20, 2023.
When does Sahara Maritime IPO Subscription open?
The Sahara Maritime IPO open on December 18, 2023.
When does Sahara Maritime IPO Subscription close?
The Sahara Maritime IPO Close on December 20, 2023.
What is the allotment date of Sahara Maritime IPO?
The allotment date for Sahara Maritime IPO is December 21, 2023.
When is the initial refund date of Sahara Maritime IPO?
The initial Refund date for Sahara Maritime IPO is December 22, 2023.
When were the shares credited to investors demat accounts for the Sahara Maritime IPO?
The shares for the Sahara Maritime IPO were credited to investors demat accounts on December 22, 2023.
When will Sahara Maritime IPO be listed on the stock market?
Sahara Maritime IPO stock market will be listed on December 26, 2023 at 10 am.
What was the price range of the Sahara Maritime IPO shares?
The Sahara Maritime IPO shares were offered at a price range of ₹81 per share.
What was the lot size for the Sahara Maritime IPO shares?
The lot size for the Sahara Maritime IPO shares was 1600 shares.
What was the total issue size of the Sahara Maritime IPO?
The total issue size of the Sahara Maritime IPO was ₹6.88 crores.
How were the shares allocated among different types of investors for the Sahara Maritime IPO?
50% of the shares were allocated to other and 50% were set aside for retail investors.
On which stock exchanges was the Sahara Maritime IPO listed?
The Sahara Maritime IPO was listed on the BSE SME.
What is the Sahara Maritime IPO Subscription Status?
Sahara Maritime IPO is subscribed 22.67 Times.
